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    kingfish74's Avatar
    kingfish74 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 10, 2012, 10:38 AM
    What taxes do you pay when you convert a regular IRA to a Roth IRA
    Looking to convert my company IRA funds to a Roth IRA to take advantage of a low level of income in 2012 (and thus a lower tax rate).

    Do you pay Social Security Tax and Medicare Tax on that conversion as well?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Sep 10, 2012, 11:03 AM
    NO FICA (Social Security & Medicare) taxes will be due.
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